Asahi Songwon Colors Ltd - Stock Valuation and Financial Performance

BSE: 532853 | NSE: ASAHISONG | Dyes & Pigments | Small Cap

Asahi Songwon Colors Share Price

326.75 11.45 3.63%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Asahi Songwon Colors

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Asahi Songwon Colors stock performance -

mw4me loader
P/E Ratio (SA):
26.74
Market Cap:
371.7 Cr.
52-wk low:
173
52-wk high:
348

Is Asahi Songwon Colors Ltd an attractive stock to invest in?

1. Is Asahi Songwon Colors Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Asahi Songwon Colors Ltd is a average quality company.

2. Is Asahi Songwon Colors Ltd undervalued or overvalued?

The key valuation ratios of Asahi Songwon Colors Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Asahi Songwon Colors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Asahi Songwon Colors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Asahi Songwon Colors:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Asahi Songwon Colors Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%11.3%13%15.7%11.1%8.7%10.6%12.6%8%-0.4%-
Value Creation
Index
-0.3-0.2-0.10.1-0.2-0.4-0.2-0.1-0.4-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 302240224253293294284283401337276
Sales YoY Gr.--20.7%-6.5%13.2%15.4%0.4%-3.4%-0.3%41.8%-15.9%-
Adj EPS 13.214.615.822.418.515.418.62517.4-6.211.8
YoY Gr.-10.5%8.3%41.8%-17.4%-16.9%21.2%34.4%-30.5%-135.7%-
BVPS (₹) 105.796.1110.8129.2148157.8164.3193.4209.7199.8218.4
Adj Net
Profit
16.217.919.427.522.718.822.830.120.9-7.314
Cash Flow from Ops. 20.52531.728.15.927.174.34.924.730.8-
Debt/CF from Ops. 3.91.91.41.3132.30.39.12.13.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.2%2.9%6%-15.9%
Adj EPS -192%-180.4%-169.3%-135.7%
BVPS7.3%6.2%6.7%-4.8%
Share Price 15% 16.1% 1.8% 80.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.914.415.318.713.31011.613.98.6-35.6
Op. Profit
Mgn %
12.815.117.518.713.213.712.117.19.52.50.3
Net Profit
Mgn %
5.47.58.710.87.86.48.110.65.2-2.25
Debt to
Equity
0.60.40.30.20.40.30.10.20.20.4-
Working Cap
Days
13917015114215717616516914917993
Cash Conv.
Cycle
58767371791018587858728

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 5.60%

Sales growth has been subdued in last 3 years 5.95%

Net Profit has been subdued in last 3 years -169.34%

Sales growth is not so good in last 4 quarters at -20.67%

Latest Financials - Asahi Songwon Colors Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 6.5
TTM Sales (₹ Cr.) 276 424
BVPS (₹.) 218.4 199.9
Reserves (₹ Cr.) 246 224
P/BV 1.44 1.58
PE 26.74 48.59
From the Market
52 Week Low / High (₹) 173.00 / 348.00
All Time Low / High (₹) 11.70 / 442.65
Market Cap (₹ Cr.) 372
Equity (₹ Cr.) 11.8
Face Value (₹) 10
Industry PE 22.4

Management X-Ray of Asahi Songwon Colors:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Asahi Songwon Colors

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales302240224253293294284283401337
Operating Expenses 263204185206254254249235363329
Manufacturing Costs53484754576155577967
Material Costs189136119132174172172156252234
Employee Cost 7777888899
Other Costs 14131214151314152419
Operating Profit 3936394738403448388
Operating Profit Margin (%) 12.8%15.0%17.4%18.6%13.1%13.5%12.1%17.0%9.5%2.5%
Other Income 1143401366
Interest 6543454239
Depreciation 76777888910
Exceptional Items -2000000400
Profit Before Tax 242631403226234532-5
Tax 9910139801280
Profit After Tax 151821272318233324-5
PAT Margin (%) 4.8%7.4%9.4%10.8%7.9%6.2%8.0%11.6%6.0%-1.4%
Adjusted EPS (₹)11.914.417.122.418.814.918.627.420.1-4.0
Dividend Payout Ratio (%)29%24%12%13%16%20%16%13%2%-13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 130118136159182194202233252235
Share Capital 12121212121212121212
Reserves 118106124146169181189221240224
Minority Interest0000000000
Debt71434334705716394687
Long Term Debt935419181381422
Short Term Debt6239383051394323265
Trade Payables40221930363124416349
Others Liabilities 38302325312834252930
Total Liabilities 278212220247319309276338390402

Fixed Assets

Gross Block156125130138192208195210234241
Accumulated Depreciation34313744515866728190
Net Fixed Assets122949394141150129138154151
CWIP 716101512000
Investments 16182630191427515098
Inventories32291943366229468046
Trade Receivables68435147795555788769
Cash Equivalents 2333232244
Others Assets30252220262332231435
Total Assets 278212220247319309276338390402

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 202532286277452531
PBT 242631403226234032-5
Adjustment 13118761412161218
Changes in Working Capital -11-6-1-8-23-642-42-1020
Tax Paid -5-6-7-10-10-7-3-9-9-3
Cash Flow From Investing Activity -19-9-15-12-44-3-21-16-25-55
Capex -17-7-10-12-59-4-29-24-7
Net Investments -2-2-50151-59-1-48
Others 001010-14-3400
Cash Flow From Financing Activity -2-16-17-1738-24-5311124
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-4-3-221-3-5-5812
Interest Paid -6-5-4-3-4-5-4-2-3-9
Dividend Paid -4-3-8-40-4-70-4-1
Others 11-4-1-821-13-3718121
Net Cash Flow 0000000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.6914.2916.5218.6213.579.7511.5515.179.98-1.93
ROCE (%)15.1216.5320.6823.0815.7112.2311.2318.6812.211.27
Asset Turnover Ratio1.190.991.061.121.040.930.970.921.10.85
PAT to CFO Conversion(x)1.331.391.521.040.261.53.220.151.04N/A
Working Capital Days
Receivable Days69837568788471867585
Inventory Days33463844496159485868
Payable Days64836267697259767588

Asahi Songwon Colors Ltd Stock News

Asahi Songwon Colors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Asahi Songwon Colors on 28-Mar-2024 16:01 is ₹326.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Asahi Songwon Colors stood at ₹371.6.
The latest P/E ratio of Asahi Songwon Colors as of 28-Mar-2024 16:01 is 26.74.
The latest P/B ratio of Asahi Songwon Colors as of 28-Mar-2024 16:01 is 1.44.
The 52-week high of Asahi Songwon Colors is ₹348.0 and the 52-week low is ₹173.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asahi Songwon Colors is ₹275.7 ( Cr.) .

About Asahi Songwon Colors Ltd

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

In 2005, Asahi Songwon Colors started manufacturing of CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea.

From existing capacity of 4000 MT/A, very soon company is planning to double the blue crude capacity. The company also intends to diversify in to allied products.

Asahi Songwon Colors' research and development laboratory is located at Asahi Green Plant site, which provides technical service to customers and seeks to develop new products suited to customer needs.

Products manufactured by the company:

  • Pigment Green 7
  • CPC Blue Crude
  • Pigment Alfa Blue 15:0
  • Pigment Alfa Blue 15:1
  • Pigment Beta Blue 15:3

Awards/ recognition:

Company’s pigment facility is located at Mehsana district and its figment blue facility in Vadodara district of Gujarat. Both plants have received ISO 14001:2004 certification.

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